Posts Tagged ‘scam’

Looking at some of the things that are going on in today’s market, it may seem like the banks are getting massive REO Riches Formula Bonuses straight from the Federal Government. How then is it possible for a beginning real estate investor to make money with bank owned foreclosures without any of your own cash, credit or experience?

Well, that’s what ex-fireman Jeff Adams promises to deliver in his brand new real estate coaching program, entitled “REO Riches Formula”. Is this a reputable program that can teach you new investing techniques that work in today’s real estate market? Or is it a scam that works only for very few people who try it out actually have success with.

First, the personal in-the-trenches experience that Jeff Adams brings into the equation is real and authentic. His story in real estate investing started as a part-time wholesaler in the Inland Empire in Southern California.

A lot has happened since then, and Jeff has never rested his effort to grow, educate himself, learn how to leverage his time and resources and get ahead. Both in real estate investing and in marketing and teaching. The latest fruit of this production is the REO Riches Formula, launching in October of 2010.

Stay tuned for detailed evaluations and behind-the-scenes commentary on the product and its presentation. Come back to find out if this can really help you, and how to get the best bonus for REO Riches Formula when it opens.

How motivated are these banks really to sell REO’s or bank owned foreclosures at huge discounts?

Well take a look at this shocking REO Riches Formula News Flash below. What you see there is bank owned homes being bulldozed! And these are not some trashed, old houses that no investor would have touched with a 5-foot pole either.

No, these are brand new homes that are being destroyed.

Destroyed because the bank didn’t want them. Think about that! They so badly didn’t want them that they PAID a demolition company to get rid of them!

Do you think it would have been possible – just possible – to make them an “offer” that they wouldn’t have refused?

Clearly, this is a great example for bargain deals that would have been available if someone had been there at the right time, with the right offer. Read on below…

With REO Riches Formula Relationship is Key

Relationship is the name of the game in bank owned foreclosures, but don’t get scared. You don’t exactly have to “bribe” real estate agents or asset managers into working with you and (illegally) ignore better offers from your competitors to make you rich.

One of the most important qualities that you must show as a serious buyer is your ability to perform.

Because for the asset manager to make your deal work, there is only one thing that matters to him or her: That the deal gets done and closed at the agreed time.

There can’t be any renegotiation games after you take a closer look, shop the deal around as a wholesaler, and decide that the price you offered was too high to flip it at a profit.

If you do that just once, you will have blown the relationship with that asset manager forever.

Now, obviously there is a bit more to it, but be assured it is not complicated. Jeff Adams himself is an ex-fire fighter who has build a real estate empire from scratch. His methods have worked for many other people who simply followed his instructions, and there is no reason they cannot also work for you.

Stay tuned for more information updates in the wake of the REO Riches Formula release in October.